Ameriprise Financial

Ameriprise Financial links the remuneration of its executive team to sustainability performance criteria. The financial institution also discloses a list of trade associations of which it is a member including sustainability- and non-sustainability-related organisations.

Ameriprise Financial discloses absolute financed emissions for its subsidiary Columbia Threadneedle. In addition, the financial institution discloses the underlying data quality and coverage of these financed emissions.

Ameriprise Financial discloses the proportion of women in its total direct operations workforce for each employee category. Additionally, it has a policy prohibiting bribery and corruption and has a grievance mechanism accessible to all workers and stakeholders to raise concerns regarding human rights and bribery and corruption. The financial institution discloses a public commitment to protect personal data and specifies that it does not make political contributions.

Ameriprise Financial discloses that the board level Nominating and Governance Committee has oversight of climate risk, however no evidence was found on other sustainability themes such as biodiversity and social factors. Additionally, there is no evidence that the financial institution links the remuneration of its management team to sustainability performance criteria. It has an opportunity to increase the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. The financial institution has an opportunity to describe its engagement approach on sustainability themes and impact topics with investees at group level.

There is no evidence that Ameriprise Financial discloses a target to reach net-zero financed emissions by 2050. The financial institution also has an opportunity to disclose the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. Additionally, there is no evidence that the financial institution discloses its financing activities devoted to climate solutions and that the financial institution is committed to minimising its negative impacts or financing regenerative solutions. No evidence was found regarding the financial institution’s approach to fossil fuels that spans across the fossil fuel value chain, such as the amount or share of finance it directs towards fuels, or its stance on financing companies with new fossil fuel projects.

There is no evidence that Ameriprise Financial has a publicly available policy statement committing it to respect human rights laid out in the UNGPs and the ILO declaration on fundamental rights at work. The financial institution also has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. Furthermore, the financial institution discloses the ages of its board members but has an opportunity to disclose this information for each employee category. To provide transparency on financial inclusivity, the financial institution has an opportunity to disclose the amount of finance directed towards low-income developing countries.